Planned Giving

Friends and alumni who wish to leave a legacy, ensuring that the School will be as strong tomorrow as it is today, may choose to include Saint James in their estate plan. A planned giving strategy allows you to put your assets to work for any part of the School you choose—while you, your family, and Saint James are able to share in the benefits. A planned gift integrates personal, financial and estate-planning concepts, and is often transmitted through a legal document, such as a will or trust.

The Fountain Rock Society recognizes individuals who have designated Saint James School as a beneficiary in their will and/or estate plan. Members demonstrate remarkable foresight and generosity in ensuring their legacy through a planned gift to Saint James. There are many kinds of planned gift options, including: simple bequests (the most common type of planned gifts) in a will or trust, or within an estate plan, charitable gift annuities, charitable remainder trusts, charitable lead trusts, and non-cash assets, such as real estate or securities.

Planned gifts require more thought and planning than other types of charitable contributions. Below, are basic definitions of several types of planned gifts. Since tax laws may vary by state and are subject to change, we recommend that you discuss the best strategy with your family and financial advisor.

Types of Planned Gifts

Bequests

A bequest (a promise) made through a will or living trust is a simple way to make a meaningful contribution to Saint James School. You may choose to bequest a monetary sum or a percentage of your estate.

Gifts of Retirement Funds

Qualified retirement plans are a good choice for investing in the future of Saint James. Rather than allowing retirement assets to be reduced by a combination of estate and income taxes, you can direct that your assets be used to fund a charitable gift to Saint James.

Charitable Gift Annuity

A Charitable Gift Annuity is a simple contract between you and Saint James School. In exchange for your irrevocable gift of cash, securities, or other assets, Saint James agrees to pay one or two annuitants of your choice a fixed sum each year for life. This may be set up to provide guaranteed income for life; and, in many cases, capital gains taxes on appreciated assets can be spread over the projected life of the contract.

Charitable Remainder Trusts

Charitable remainder trusts are individual trusts that may be funded with cash, tax-exempt assets, or appreciated property. They are managed by Saint James and its investment representatives. The trust will pay income to individuals you name for a term of years. Saint James will receive the remaining balance at the end of the trust. This may be set up to provide annual income for you and/or your beneficiaries and an immediate charitable deduction.

Charitable Lead Trust

A lead trust pays income to Saint James for a number of years, or a lifetime, and then transfers the principal in the trust back to you or to another individual of your choice.

Life Insurance

An outright gift of a paid-up life insurance policy makes an excellent charitable gift. You can also make Saint James the beneficiary of an existing policy, or take out a new policy with Saint James as the owner and beneficiary.

Personal Property

Gifts of real estate, art, jewelry or other forms of personal property may be willed to Saint James.

Please note that all gifts of interest must be thoroughly reviewed by the Gift Acceptance Committee.

If you have any questions, or would like to discuss the various types of planned gifts, please contact the Office of Development and Alumni Relations.

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